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The US 20-year Treasury auction cleared at a high yield of 5.204%, tailing the when-issued rate by 0.5 basis points, the biggest tail since February, signaling weak demand despite the Treasury buyback program.

ZeroHedge08/20, 12:06 AM

The US 20-year Treasury auction cleared at a high yield of 5.204%, tailing by 0.5 bps versus the 5.199% when-issued yield, marking the biggest tail since February despite Treasury buyback support.

5.204%
5.199%
0.5bps tail

Figures as quoted by ZeroHedge

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InvestingLive10/22, 12:03 AM
The US Treasury sold $13 billion of 20-year bonds at a high yield of 5.469%, up from 5.420% at the prior auction, with a bid-to-cover of 2.73x and a tail of 0.9bp versus the 0.2bp average.
LiveSquawk10/22, 12:02 AM
The US 20-year Treasury bond auction produced a high yield of 5.469%, up from 5.420% previously, with a bid-to-cover ratio of 2.73 versus 2.57 prior.
FinancialJuice10/22, 12:00 AM
The when-issued 20-year US Treasury yield stood at 5.460% ahead of a $13 billion auction.